273 Kelly Street, Luzerne, PA 18709
$475,000
Property Type:
Residential Income
Bedrooms:
12
Baths:
6
Lot Size (sq. ft.):
26,572
Status:
Active
Current Price:
$475,000
List Date:
5/20/2026
Last Modified:
9/15/2026
Overview
Description
...
(Read more)
** TWO MULTI FAMILYS ON ONE DEED! TOTAL OF 6 UNITS!**
This unique investment opportunity includes two parcels on a double lot -- 273 Kelly Street and Miller Street -- offering exceptional redevelopment potential in a growing area. Formerly a retail/mixed-use property, the building has already been re-zoned for multi-family use, creating endless possibilities for investors, developers, or owner-operators looking to maximize value.
The property currently consists of 2 existing units with the potential to add additional residential units, subject to zoning approval, building code compliance, and required parking regulations. One existing retail space is already laid out similarly to a residential apartment and can easily be converted into 2 separate units with minimal work, including framing a dividing wall and adding a small kitchen. An additional retail space on the right-hand side also offers the potential for another residential unit and is ready for a full renovation.
A major bonus is the approved concept plan for a future parking lot located on the vacant lot behind 701 Miller Street, which is included in the same parcel ownership. This provides the opportunity to create the required parking needed to support additional residential development.
Whether you're looking to expand your rental portfolio, create a multi-family redevelopment project, or capitalize on a value-add opportunity, this property offers flexibility, strong upside potential, and room for growth.
Property tax: $3576 a year
Sewer Usage: $343 a year ($49 per unit)
Sewer Bill: $1820 a year ($65 per unit quarterly)
Insurance: $2,588
Listing Details MLS# SC-262336
General Property Information
- Number Of Units Total
- 6
- Bedrooms Total
- 12
- Bathrooms Total
- 6
- Bathrooms Full
- 6
- Bathrooms Half
- Yes
- Above Grade Finished Area
- 5593
- Living Area
- 5593
- Enhanced Accessible
- No
- Year Built
- 1950
- Year Built Source
- Public Records
- New Construction YN
- No
- Lot Size Acres
- 0.61
- Lot Size Dimensions
- 76X73
- Waterfront YN
- No
- Basement YN
- Yes
- Stories
- 2
- Auction YN
- No
- List Price/SqFt
- 84.93
Property Features
Basement:
Concrete
Contract Information
- Listing Contract Date
- 2026-05-20
- Property Sub Type
- Multi Family
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Kcb 18 LLC
Location Tax and Legal
- Street Number
- 273
- Street Name
- Kelly
- Street Suffix
- Street
- State
- PA
- Postal Code
- 18709
- County
- Luzerne
Remarks and Miscellaneous
- Public Remarks
- ** TWO MULTI FAMILYS ON ONE DEED! TOTAL OF 6 UNITS!** This unique investment opportunity includes two parcels on a double lot -- 273 Kelly Street and Miller Street -- offering exceptional redevelopment potential in a growing area. Formerly a retail/mixed-use property, the building has already been re-zoned for multi-family use, creating endless possibilities for investors, developers, or owner-operators looking to maximize value. The property currently consists of 2 existing units with the potential to add additional residential units, subject to zoning approval, building code compliance, and required parking regulations. One existing retail space is already laid out similarly to a residential apartment and can easily be converted into 2 separate units with minimal work, including framing a dividing wall and adding a small kitchen. An additional retail space on the right-hand side also offers the potential for another residential unit and is ready for a full renovation. A major bonus is the approved concept plan for a future parking lot located on the vacant lot behind 701 Miller Street, which is included in the same parcel ownership. This provides the opportunity to create the required parking needed to support additional residential development. Whether you're looking to expand your rental portfolio, create a multi-family redevelopment project, or capitalize on a value-add opportunity, this property offers flexibility, strong upside potential, and room for growth. Property tax: $3576 a year Sewer Usage: $343 a year ($49 per unit) Sewer Bill: $1820 a year ($65 per unit quarterly) Insurance: $2,588
Status Change Information
- Major Change Timestamp
- 2026-09-15T17:32:02Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-09-15T17:32:02Z
- Status Change Timestamp
- 2026-05-20
More Information
Unit 1
- Unit #
- 273 Kelly A
- Actual Rent
- 1100
- SqFt Total
- 1000
- Dining Room YN
- No
- Kitchen YN
- Yes
- Living Room YN
- Yes
Unit 2
- Unit #
- 273 Kelly B
- Actual Rent
- 925
- SqFt Total
- 1000
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit 3
- Unit #
- 1 Miller
- Actual Rent
- 1175
- SqFt Total
- 1000
- Dining Room YN
- Yes
- Kitchen YN
- Yes
Unit 4
- Unit #
- 2 MIller
- Actual Rent
- 925
- SqFt Total
- 1000
- Dining Room YN
- Yes
- Kitchen YN
- Yes
Unit 5
- Unit #
- 273 Kelly 3
- SqFt Total
- 1000
- Dining Room YN
- No
- Kitchen YN
- No
Unit 6
- Unit #
- 273 Kelly 4
- SqFt Total
- 1000
- Dining Room YN
- No
- Kitchen YN
- No
Listing Office:
Revolve Real Estate
Last Updated: September - 15 - 2026
Information deemed reliable but not guaranteed.